Tag Archives: Anglo Asian Mining

Azerbaijan: AAM to resume operation at Gadir in Q4 2017

Anglo Asian Mining says it may resume operation of the Gadir mine in Q4. Ore mining at Gadir was stopped in February to carry out exploration drilling. The company is also carrying out test drilling at its Gedabek quarry prior to resuming operation in Q1 2018. Moreover AAM is examining the new Ugur deposits with…

Azerbaijan: gold prices up in H1 2017

In January-June Anglo Asian Mining was selling gold mined in Azerbaijan at the average price of $1.238 thousand per ounce. “The price increase witnessed in 2016, continued in H1 2017 as well. In January-June we were selling gold on average for $1.238 thousand per ton as against $1.23 thousand in 2016”, the company stated. The…